BlackBull Markets | Jul 27, 2021 10:08PM ET
Wednesday’s focus is on McDonald’s (NYSE:MCD), Facebook (NASDAQ:FB) and Shopify (NYSE:SHOP).
As these earning reports are coming in halfway through the week, it would be interesting to note each company’s stock price movements since Monday. Investors can be fickle, and last-minute adjustments may be seen in these trendy household names.
McDonald’s breaks out of its range in time for earning report
h5McDonald’s is anticipated to report revenue of $5.6B before the bell on Wednesday. Investors expect the company to continue recovering its sales, a trend suggested in the company’s last quarterly report. There has been no indication that this might not be so. The only great barrier to the company’s recovery is the Delta variant of Covid spreading in America. Although, this concern is too recent to have likely interfered with McDonald’s 2Q report.
/h5 h5 Does Facebook have enough room to move upwards after a positive earning report?
At the close of Wednesday trading, Facebook is expected to report revenue of $27.9B. Bear in mind, Facebook’s peers have all beat their earnings forecasts this week and last, and the market would hardly be surprised if it were to follow suit. However, the positive news may not translate to a lift in share price. This is a misfortune that befell Apple (NASDAQ:AAPL) on Tuesday after its earnings report came back exceedingly positive. In after-hours trading, APPL was trading down 2.1%. Perhaps FB slight retracement on Tuesday will mean there is room for growth if Facebook massively beats its estimate.
/h5 h5 Will Shopify stick to brand and smash revenue estimates?
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